Stock price when the opinion was issued
Majority of their business is aircraft engine manufacturing, so it benefits from the aerospace cycle. In aerospace, there are 25,000 long-range aircraft globally today. One 3rd needs to be replaced because of fuel inefficiencies, airport noise restrictions, etc. Also there are recovering economies in the US and Europe that will benefit them. Emerging markets have growth in the middle class too. This company would be a direct beneficiary of all those reasons.